CIGI.TO - Colliers International Group Inc.

Toronto - Toronto Delayed Price. Currency in CAD
95.69
-1.21 (-1.25%)
As of 12:27PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close96.90
Open96.30
Bid95.50 x 0
Ask95.63 x 0
Day's Range95.59 - 96.68
52 Week Range70.18 - 101.95
Volume12,788
Avg. Volume64,496
Market Cap3.8B
Beta (3Y Monthly)1.70
PE Ratio (TTM)35.60
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.13 (0.13%)
Ex-Dividend Date2019-06-27
1y Target EstN/A
  • Is Now The Time To Look At Buying Colliers International Group Inc. (TSE:CIGI)?
    Simply Wall St.

    Is Now The Time To Look At Buying Colliers International Group Inc. (TSE:CIGI)?

    Colliers International Group Inc. (TSE:CIGI), which is in the real estate business, and is based in Canada, saw a...

  • Hong Kong-based investors still show appetite for investment in the city - survey
    Reuters

    Hong Kong-based investors still show appetite for investment in the city - survey

    Most Hong Kong-based investors are maintaining a positive investment appetite for 2020 despite a challenging local market including an economic slowdown and social unrest, property consultant Colliers International said on Wednesday. In Colliers' latest survey 71% of the respondents said they are looking to invest within Hong Kong, while 57% said their focus will be on value-add investments, which are generally moderate to high risk. The survey, conducted between Oct. 15 and Nov. 19, covered a pool of 79 developers, REITS, private funds and family offices based in Hong Kong.

  • A Look At The Fair Value Of Colliers International Group Inc. (TSE:CIGI)
    Simply Wall St.

    A Look At The Fair Value Of Colliers International Group Inc. (TSE:CIGI)

    In this article we are going to estimate the intrinsic value of Colliers International Group Inc. (TSE:CIGI) by taking...

  • Did Hedge Funds Drop The Ball On Colliers International Group Inc (CIGI) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Colliers International Group Inc (CIGI) ?

    While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […]

  • Did You Miss Colliers International Group's (TSE:CIGI) 75% Share Price Gain?
    Simply Wall St.

    Did You Miss Colliers International Group's (TSE:CIGI) 75% Share Price Gain?

    By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at...

  • Do Directors Own Colliers International Group Inc. (TSE:CIGI) Shares?
    Simply Wall St.

    Do Directors Own Colliers International Group Inc. (TSE:CIGI) Shares?

    A look at the shareholders of Colliers International Group Inc. (TSE:CIGI) can tell us which group is most powerful...

  • These 4 Measures Indicate That Colliers International Group (TSE:CIGI) Is Using Debt Reasonably Well
    Simply Wall St.

    These 4 Measures Indicate That Colliers International Group (TSE:CIGI) Is Using Debt Reasonably Well

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • King of the Hills Reshaping Tokyo With $5.4 Billion Development
    Bloomberg

    King of the Hills Reshaping Tokyo With $5.4 Billion Development

    (Bloomberg) -- Tokyo is about to get another mound of capitalism.Mori Building Co. is spending 580 billion yen ($5.4 billion) on a new, 20-acre hub of commerce in the city’s core. Similar in size to New York’s Rockefeller Center, the complex will have shops, restaurants, 213,900 square meters of office space, 1,400 residences, a world-class hotel, an international school and the city’s biggest food court.If this capital of 14 million has a king of the hills, it’s the Mori real-estate empire. The new project will eclipse the builder’s signature development, Roppongi Hills — home to Google and Goldman Sachs Group Inc. offices, and a magnet for shoppers and international visitors. The closely held company, whose late founder was once the country’s richest man, is betting that more people — especially foreigners — will flock to live and work in Tokyo over the coming years.“Japan’s office market is behind in relative size and depth,” Mari Kumagai, head of research at Colliers International Group Inc. “If you’re serious about making money from buildings, you have to do this.”Set to open in 2023, the new endeavor doesn’t yet have a name. For now, it’s called the Toranomon-Azabudai project, from the neighborhoods Mori will gobble up in Minato-ku, one of Tokyo’s toniest enclaves. Starting with the 1986 debut of nearby Ark Hills, the real-estate developer has been relentless in its push to transform Tokyo’s skyline with hefty buildings clad in steel and glass.Mori’s properties often cater to foreign businesses and visitors, offering sanctuaries for them to stay, work and shop in a megalopolis that can be difficult to navigate. Signage and restaurant menus in the city still often lack English or other languages. Green spaces are still few and far between, and the view from the 52nd floor of Roppongi Hills betrays a sea of drab, gray low-rise homes and buildings that stretch to the horizon.“This is going to become Tokyo’s newest landmark,” said Shingo Tsuji, Mori’s chief executive officer. “We’ve spent 30 years thinking about this project, and how cities should be created.”Mori’s goal is to create a city within a city that people can “escape to, rather than flee from.” Ground broke this month on the big new project, which will connect two subway stations and create a new arterial road to relieve the development’s impact on vehicle traffic. Although the total footprint will be smaller than its predecessor, the new complex will have more floor space, with a 64-story main tower and two residential towers.When Mori embarked on its Roppongi project almost two decades ago, developers were jumping over each other to put up new buildings in Tokyo. Land prices were down 75% after Japan’s economic bubble burst in the early 1990s, interest rates were on their way to zero and new zoning laws made it easier to combine lots for big projects.That bet may have paid off. But now, Mori’s new project is being built under a different scenario, coming after a long run-up in office space demand. Tokyo’s real-estate market is thriving, with vacancy rates near record lows below 3%, according to Colliers, the real-estate investment and services firm.The big question is whether that trend will continue, as well as Mori’s ability to keep riding the wave of mega projects. Although rental growth has been robust, Colliers predicts it will peak at around the current 5% before easing to an average of 0.8% over the next few years. All told, central Tokyo will have 70 major real-estate projects breaking ground from 2018 through 2023, according to the firm.“The office market is doing really well, vacancies are coming down,” said Patrick Wong, a Bloomberg Intelligence analyst. “The issue is whether rents can keep going up further.”Tokyo isn’t the only frothy real-estate market in the region. Singapore and Sydney are also seeing low office-leasing vacancies as companies hire more people. Last month, the government of Singapore clamped down on speculative buying and selling, with the central bank citing “euphoria” in the property market.At the same time, protests in Hong Kong have put the brakes on demand for central office space in China’s special administrative region. Spooked investors are turning elsewhere to places such as Singapore, which saw private home sales surge a sequential 43.5% in July. Although no multinational corporations have said they’re leaving Hong Kong, it’s probably on their mind, according to Wong. “This could be an opportunity for Tokyo,” he said.That’s music to the ears of Japanese Prime Minister Shinzo Abe, who in 2014 pushed to establish new strategic special zones in Tokyo and other cities as part of his Abenomics revitalization plan. The areas of Tokyo that fall under those zones, which offer deregulation and other incentives, are right where Mori has been developing properties for decades.No surprise, then, that the Toranomon-Azabudai mega project has been 30 years in the making. Work on it started even before Roppongi Hills. For its major projects, Mori’s employees spend years going door to door, persuading local residents and property owners to hand over their land in exchange for prime residential space in the new buildings.It’s hardly a coincidence that Mori’s suffix for its biggest developments — there’s also Toranomon Hills and Atago Green Hills — harks back to that other chichi neighborhood, Beverly Hills. It’s also a nod to the Japanese word, Yamanote. Transliterated as “the hill’s hand,” the term refers to the more desirable, hilly land west of the Imperial Palace in feudal Tokyo that now include Mori’s properties.“We’ve poured everything we’ve learned from our Hills projects into this new development,” Tsuji said.Mori’s ultimate vision is to link up all of its properties into an uber-complex of offices, homes and retail space. Although the developer is going to unveil the project’s name just before it opens for business, odds favor it will end with “Hills.”(Updates with analyst’s comment in fourth paragraph. A previous version of this story corrected the timeframe of projects.)\--With assistance from Hiromi Horie.To contact the reporter on this story: Reed Stevenson in Tokyo at rstevenson15@bloomberg.netTo contact the editors responsible for this story: Emma O'Brien at eobrien6@bloomberg.net, Reed Stevenson, Jeff SutherlandFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Colliers International Group Inc. (TSE:CIGI) Delivered A Better ROE Than Its Industry
    Simply Wall St.

    Colliers International Group Inc. (TSE:CIGI) Delivered A Better ROE Than Its Industry

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Does Colliers International Group Inc.'s (TSE:CIGI) CEO Salary Reflect Performance?
    Simply Wall St.

    Does Colliers International Group Inc.'s (TSE:CIGI) CEO Salary Reflect Performance?

    Jay Hennick became the CEO of Colliers International Group Inc. (TSE:CIGI) in 2015. This analysis aims first to...

  • Colliers International Group Inc. (CIGI) Q2 2019 Earnings Call Transcript
    Motley Fool

    Colliers International Group Inc. (CIGI) Q2 2019 Earnings Call Transcript

    CIGI earnings call for the period ending June 30, 2019.

  • Why Colliers International Group Inc.'s (TSE:CIGI) High P/E Ratio Isn't Necessarily A Bad Thing
    Simply Wall St.

    Why Colliers International Group Inc.'s (TSE:CIGI) High P/E Ratio Isn't Necessarily A Bad Thing

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • With EPS Growth And More, Colliers International Group (TSE:CIGI) Is Interesting
    Simply Wall St.

    With EPS Growth And More, Colliers International Group (TSE:CIGI) Is Interesting

    Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...

  • Does The Colliers International Group Inc. (TSE:CIGI) Share Price Fall With The Market?
    Simply Wall St.

    Does The Colliers International Group Inc. (TSE:CIGI) Share Price Fall With The Market?

    If you own shares in Colliers International Group Inc. (TSE:CIGI) then it's worth thinking about how it contributes to...

  • Are Insiders Selling Colliers International Group Inc. (TSE:CIGI) Stock?
    Simply Wall St.

    Are Insiders Selling Colliers International Group Inc. (TSE:CIGI) Stock?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Is It Time To Consider Buying Colliers International Group Inc. (TSE:CIGI)?
    Simply Wall St.

    Is It Time To Consider Buying Colliers International Group Inc. (TSE:CIGI)?

    Colliers International Group Inc. (TSE:CIGI), which is in the real estate business, and is based in Canada, received a...

  • Update: Colliers International Group (TSE:CIGI) Stock Gained 65% In The Last Three Years
    Simply Wall St.

    Update: Colliers International Group (TSE:CIGI) Stock Gained 65% In The Last Three Years

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • WeWork's starry valuation dazzles landlords, reaffirms doubters
    Reuters

    WeWork's starry valuation dazzles landlords, reaffirms doubters

    WeWork's $47 billion valuation as it heads toward what may be the year's largest initial public offering after ride-hailing firm Uber has made the flexible office space start-up the envy of landlords and the target of skeptics at a time when rents have barely kept pace with inflation. To commercial real estate's old guard, many of whose stock prices have gone sideways or worse for half a decade, WeWork - the main unit of recently renamed The We Company - is a disruptor leading the charge toward the shrinking of workspace with a business model unhindered by property ownership. To its doubters, WeWork is another unprofitable unicorn they question has the ability to flourish in anything other than a hot economy.

  • WeWork Europe Expansion Faces Growing Competition Before IPO
    Bloomberg

    WeWork Europe Expansion Faces Growing Competition Before IPO

    The number of serviced and co-working offices across Europe has ballooned by more than 200 percent in the last five years, according to a report by real estate broker Colliers International Group Inc. WeWork has helped to drive this growth: it has nearly 50 locations in London and has added sites from Manchester to Moscow. “The IPO is a great milestone in the evolution of the flexible work-space scene,” said Tom Sleigh, head of consultancy on the industry at Colliers. While WeWork initially rose with the advent of the gig economy and an explosion of startups, big companies are increasingly seeking more flexible offices, too.

  • Associated Press

    Colliers International: 1Q Earnings Snapshot

    The Toronto-based company said it had profit of 4 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 51 cents per share. The commercial real estate services provider ...